Sentence examples for external debt service from inspiring English sources
In 2006 Ecuador's external debt service accounted for 24% of the state budget.
Progress has been made on the overall debt burden of developing countries, with the proportion of external debt service to export revenue falling from 12% in 2000 to 3% in 2013.
The analysis of low and lower middle income country governments showed their external debt service payments in 2016 will on average be 10.8% of government revenue, compared with 6.1% predicted three years ago.
Plus PdVSA has external debt service of $10 billion of which half are interest payments alone.
Factor in deteriorating regional finances and external debt service, and Russia's total budget deficit could exceed 10% of GDP this year.
The underlying causes behind the depreciation of the Lira are the exceptionally large external financing need (mainly the current account deficit and external debt service) of c.25% to 30% of GDP per annum in combination with a slowing global economy, rising US interest rates and an unwillingness to combat high inflation (15.8% in July).
These factors led a number of LDCs to fall behind on their external debt servicing obligations and culminated in the Mexican debt crisis of 1982, when the Mexican government declared a moratorium on servicing its interest payments.
Then, there is the impact of external debt servicing obligations on domestic budgets if governments have to resort to domestic sources at high interest rates for financing public expenditure; this can of itself push up interest rates and "crowd out" investment.
Its exceptional growth rate and positive balance of trade has made it possible to service external debt commitments.
Another component of the IMF/World Bank's "adjustment program" to service external debt is called elimination of "price distortions," or establishment of "market-based pricing". These are fancy, obfuscationist terms for raising prices on essential needs such as food, water and utilities.
